The European Bank for Reconstruction and Development (EBRD) said it appointed Matteo Colangeli as its new director for the Western Balkans region and EBRD head of Serbia.
Colangeli will oversee the EBRD’s operations in Albania, Bosnia & Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia, where he will be based.
“I am very proud to take up this role and determined to continue strengthening our delivery in the region. We will focus on building back better after the COVID-19 pandemic and work with our partners towards greener, more inclusive and digitalised economies in the Western Balkans,” Colangeli, who currently heads the EBRD’s operations in Albania, said in the statement last week.
In 2020 alone, the EBRD invested €1.3bn in the Western Balkans focusing on the strengthening of the private sector, the promotion of green transition and on boosting connectivity within the region and with European neighbours.
Related Articles
EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses
The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more
EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023
EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more
Albanian banks’ profits reach ALL28bn in 2023
Albanian banks reported profits of ALL28.5bn (€271.7bn) in 2023, according to data from the Albanian Association of Banks. All banks in the country reported a profit for the year. The most ... more